Debt Waiver Agreement

Contract Categories: Business Finance - Waiver Agreements
EX-10.32 5 v240395_ex10-32.htm EXHIBIT 10.32
 
Debt Waiver Agreement

Party A: LI, FU-CHANG
Party B: Henan Law Anhou Insurance Agency Co., Ltd.

Party A continually loan to Party B for the purpose of operation and development of Party B with a grand total of RMB:6,210,250 as of March, 31, 2011. Due to the subsequent merger of enterprises, and through friendly consultation by both Parties, Party A and Party B reach following agreements:

1.
Party A hereby covenant to waive his claim to the creditor's rights;
2.
Debt Waiver hereof is unpaid and without consideration, Party A shall not ask for any price or cost from Party B;
3.
This Debt Waiver Agreement has obtained all authorizations and approvals by both party and relevant internal authority.

Party A: LI, FU-CHANG
(Signed by):
Party B (Sealed by): Henan Law Anhou Insurance Agency Co., Ltd.
(Sealed by):
 
 
 
Date:  March 31st, 2011
Date:  March 31st, 2011